St. Paul daily globe., 1887-10-22

The bonds, au thorized by the last legisla-
ture, were for the building OF additions to our
overcrowded public institutions, benevolent
and penal. 1t seemed an absolute necessity
for the health and safety of the inmates OF
these institutions that large additions be pro-
vided for. and necessarily bonds must ISSUE
1t is also true that our educational institu-
tions, growing with the territory's great
growth, needed more room and better accom-
modations. and equipments. The applea-
tions for admission were greater than the fa-
cilities would accommodate, and in provid-
ing for existing necessities with a reasonable
allowance for the development and growth
of two years, the legislature was none too
liberal In fact, not liberal enough, if what
is needed to make our schools and colleges
standard is the measure. The buildings
themselves are not shells or in any sense
temporary structures.
They are, on the contrary, well built struc-
lures of solid brick, heated by steam, thor
oughly ventilated and fitted with all the
modern improvements, excelling in conven-
fences and adaptability many of the famous
schools of the Eastern states
The bids for the bonds authorized by the
last legislature were received and opened
May 30. The highest bid was par and 52-1OO
of 1 per cent premium. Fiye-sixths of
4l2 per cent. interest, the balance 5 per
cent. of them, subject to an option clause
reservlng the right to redeem in five and ten
years. This clause was great hindrance in
controlling trust funds prefer long time
bonds or definite day for payment. This
fact, coupled with the other fact that Dakota
is still a territory, and the date of admission
Into the Union uncertain, made investors
very cautious. This timidity existed in spite
of our showing that we had S1,57O, 900 as
sets for every 81 600 we owe.
predict, when Dakota is a state that her
3 per cent. bonds will sell more readily than
the 41a per cents. did Nevertheless, this is
the first time in the history of the United
States that territorial bond sold for less
than D per cent, and we have conclusive
proof that her credit is better than many of
the states and rich municipalities of the East
Even st. Paul, with all her resources and
moneyed power. sold her 4I2 per cent bonds,
about the same time, at 1900 per cent. less
premium than territorial bonds.
L wish to express, in conclusion, nv warm
appreciation of your official courtesy and en-
couraglng words, in my preliminary endeay-
ors to float the cheaper bonds at premium
and establish, under under unfayorable con-
ditions, the present high credit of the terri
tory. Very respectfully,
JAMES W. RAYMOND.
Hon. LOUIS K CHURCH.
Governor of Dakota.
LEGISLATION.
The laws of Dakota, in general, are wise,
salutary and beneficial. The code system ex-
lists and gives general satisfaction
Upon few subjects only the laws are con-
hicting and obscure
Some changes in the revenue laws more
specific law regarding the creation and DOW
ers of private corporations, the repeal
OF existing laws governing the
public schools and abortion of
one complete system in place of the two par
tial systems now in force, are desirable. At
the last session of the legislature law was
enacted providing for the compilation and
publication of all the general laws of the ter
rltory; the compilation is now in the print
er's hands and will soon be ready for
distribution. The last authorized re-
vision OF the codes was published
in 1877 and the present compilation will
supply material want.
The Judiciary of Dakota is Inadequate to
perform the work in that branch of our local
government and there is urgent need of i'm
mediate legislation on the part of congress
authorizing the appointment Of at least two
additional judges. The following letters and
statement reveals the need of an increase in
the personnel of the judiciary:
Here follows letters from Judges McCon-
nell, Spencer and Francis-all TO the same
tenor and effect. They assert that the courts
are almost swamped with mass of business
and additional judges are an absolute neces-
sltyJ. reports from the other districts are
equally discouraging Extracts from Judge
McConnell's S letter are as follows:
nave held twenty terms of the district
court, and have had twenty grand juries
four terms of the United States district court,
and four session. of the United States grand
jury; and have attended four sessions of the
supreme court-two at Deadwood, 1000
miles travel by the usual route, one at Yank.
ton 600 and one at Bismarck 200 miles,
Inc amount OF work at chambers has been
very heavy, and very exaeting.
III is very hard and inconvenient for attor-
neys and expensive to clients to have to
traVel SO far to make and meet motions be-
fore the court
My work is the more wearing from the fact